BAR · CIK 0001690437
GRANITESHARES GOLD TRUST
Annual figures as reported, FY2018–FY2025. Ratios and growth rates derived on-page.
Commodity Contracts Brokers & Dealers
Company profile
Net income
$315.7M
▲ +68.2% vs FY2024
Diluted EPS
$9.36
▲ +132.3% vs FY2024
Net income
Losses shown in terracotta
Recent quarters
momentum · last 12 quartersNet income — Mar ’26 quarter
$101.3M
▼ −38.6% vs Mar ’25
Diluted EPS — trailing 12 months
$14.48
▲ +64.5% vs Mar ’25
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | — | — | — | $101.3M | — | $2.87 |
| Dec ’25 | — | — | — | $162.7M | — | $4.68 |
| Sep ’25 | — | — | — | $179.4M | — | $5.29 |
| Jun ’25 | — | — | — | $56.9M | — | $1.64 |
| Mar ’25 | — | — | — | $165.1M | — | $4.97 |
| Dec ’24 | — | — | — | −$6.3M | — | −$0.19 |
| Sep ’24 | — | — | — | $100.0M | — | $2.94 |
| Jun ’24 | — | — | — | $50.6M | — | $1.08 |
Profitability & returns
quality of earningsReturns on capital
Net income vs year-end equity and assets
Shareholder returns
capital allocationDiluted shares outstanding
Falling count means buybacks outpace dilution
Growth rates
compounding, annualizedNet income CAGR
+152.4%
3y
+14.8%
5y
Diluted EPS CAGR
+196.2%
3y
+20.8%
5y
Share count change (split-adjusted)
−22.7%
5y
Key ratios
derived per fiscal year| Fiscal year | ROA |
|---|---|
| FY2025 | 28.5% |
| FY2024 | 23.7% |
| FY2023 | 4.2% |
| FY2022 | 2.0% |
| FY2021 | −1.2% |
| FY2020 | 15.2% |
| FY2019 | 10.3% |
| FY2018 | −3.7% |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | — | — | $315.7M | $9.36 | — | — | $1.1B | $162K | — | — | — |
| FY2024 | — | — | — | $187.7M | $4.03 | — | — | $791.1M | $137K | — | — | — |
| FY2023 | — | — | — | $39.7M | $0.78 | — | — | $936.0M | $139K | — | — | — |
| FY2022 | — | — | — | $19.6M | $0.36 | — | — | $996.3M | $144K | — | — | — |
| FY2021 | — | — | — | −$12.0M | −$0.19 | — | — | $1.0B | $154K | — | — | — |
| FY2020 | — | — | — | $158.6M | $3.64 | — | — | $1.0B | $141K | — | — | — |
| FY2019 | — | — | — | $56.0M | $1.91 | — | — | $545.6M | $75K | — | — | — |
| FY2018 | — | — | — | −$9.3M | −$4.33 | — | — | $251.0M | $31K | — | — | — |
Latest filings
the most recent regulatory filings8-KCurrent report — material event2026-05-14 ↗10-QQuarterly report2026-05-08 ↗10-QQuarterly report2026-02-04 ↗424ISEC filing2025-12-03 ↗10-QQuarterly report2025-11-04 ↗10-KAnnual report2025-08-11 ↗10-QQuarterly report2025-05-08 ↗EFFECTSEC filing2025-03-14 ↗424B3Prospectus2025-03-14 ↗CORRESPSEC filing2025-03-11 ↗
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